Harvard Law School's Healthy Condominium Toolkit: Tips for Maintaining a Strong Condominium Association - April 24, 2014

The purpose of this toolkit is to explain how to operate a “healthy” condominium association and why it is important to operate in such a manner. A “healthy” condominium association is one that:

 

• complies with all state and federal laws;

• maintains all of the proper documents and operates according to their rules; and

• puts formal structures in place to make decisions and ensure that the association runs smoothly.

 

Failure to do so can result in a decrease in the condominium’s value, or in some situations, an inability to sell units within the condominium. While this toolkit provides information that is applicable to condominiums of all sizes, because large condominium associations are typically managed by professional management companies, the advice that follows is targeted towards owners living in smaller condominiums (10 units or less). This toolkit was designed for current condominium owners as well as prospective purchasers. For a current owner, this toolkit provides guidelines to ensure that your condominium association is operating properly. For a prospective purchaser, this toolkit provides information to assist you in deciding if a particular condominium is right for you.

 

Click HERE to view the full toolkit.